Practice question
Before an ordinary Section 10 action, what security must the creditor give?
- A purchaser’s title insurance policy only.
- A bond indemnifying only the fraudulent transferee.
- A bond fixed conclusively by the creditor without judicial approval.
- A bond to the executor or administrator in an amount approved by the judge, indemnifying costs and expenses.
- No bond in the ordinary non-exceptional case.
Legal references
- Rules of Court, Rules 86-90, provisions specifically identified in the explanations: https://lawphil.net/courts/rules/rc_72-109_proceedings.html
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